SunSirs: Expected to Continue to Decline in the Liquefied Gas Market in the Short Term
May 17 2023 10:08:00
Latest price of liquefied gas (May 15th): 4398 RMB/ton, bearish in the future
Analysis point: On May 15th, the price decreased by 4.14% compared to the previous trading day. Due to the continued weakness of downstream demand, domestic liquefied gas prices fell broadly over the weekend, and the market continued to decline on Monday, narrowing the decline to around 50 RMB/ton. The international oil price continues to decline, and the negative impact of news continues. In the atmosphere of buying up or not buying down, the wait-and-see attitude of the liquefied gas market has strengthened.
Future Forecast: The current liquefied gas price has dropped to a stage low, but the market situation is weak and difficult to improve. Downstream operations are cautious, and it is expected that the liquefied gas market will continue to decline in the short term.
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